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Financial Advisers Fear Fire Sales as Valuations Collapse

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16 July 2019 by Duncan Hughes, Australian Financial Review

Article link: https://www.afr.com/business/banking-and-finance/financial-advisers-fear-fire-sales-as-valuations-collapse-20190716-p527qm

Leading networks of financial advisers, such as AMP and IOOF, still face regulatory and legal issues and the big four banks are moving away from vertical integration because of tougher education standards, the ban on grandfathered commissions, shrinking margins and a push for more scrutiny and transparency on adviser fees.
Adviser Ratings estimates the removal of grandfathered commission will cut average advisor income by more than 40 per cent, with some firms facing cuts of 75 per cent.


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